Wrapping Up November: Financial Tips for Interior Designers gearing up for the holidays

The holiday season is here, and for interior designers and creative professionals, it’s a mix of festive cheer and full-blown hustle. Whether you’re finalizing projects, juggling client demands, or dreaming of what’s next for 2025, there’s no better time to get your finances in order.

As November comes to a close, it’s all about making the most of what’s left of the year. From funding those last-minute holiday projects to prepping for tax season and beyond, here are some friendly, practical tips to help you glide into December with confidence.

1. Get clear on your Holiday Finances

The holidays bring in extra excitement—and extra costs. Whether it’s running holiday campaigns, or hiring extra hands, expenses can add up fast.

• Take Stock: Look at what you’ve spent so far this season and what’s still coming down the pipeline.
• Pro Tip: If cash flow is tight, short-term financing like a business credit card or a small loan can help bridge the gap.

2. Look for Last-Minute Grants

Did you know some organizations roll out end-of-year grants? You might still have time to snag funding to boost your business.

• Start Local: Community development programs often have small business grants still open this time of year.
• Stay Ready: Even if deadlines have passed, now’s the time to bookmark grants for early 2025

3. Max out your Tax Breaks

The end of November is a great time to get ahead of tax season—and save money while you’re at it.

• What to Do Now: Gather up those receipts! Think about deductions for design software, travel, or even those lush office plants you just had to have. If you have committed to any marketing or advertising spend in 2025, make sure you make the payments now!
• Bonus: If you’ve been eyeing new tools, furniture, or tech, making those purchases before year-end could give you a tax write-off and set you up for success in 2025.

4. Lean on your Network

The holidays are about connection, so don’t hesitate to reach out to suppliers, collaborators, or even local businesses for a little extra support.

• Vendor Perks: Ask about seasonal discounts or extended payment terms. Many suppliers are more flexible this time of year.
• Community Support: Collaborate with other small businesses in your area for mutual benefits—like shared promotions or joint events.

5. Plan for the January Slowdown

For many designers, January can be quieter after the holiday buzz. Use this time to prepare and set up financial cushions.

• Holiday Profits: Set aside a portion of your earnings now to cover any slower periods early next year.
• Crowdfunding Ideas: If you’ve got big projects or product launches in mind for 2025, consider crowdfunding platforms to give you a head start.

6. Upgrade your game for 2025

End-of-year is a perfect moment to reflect on your business and decide what’s next. Do you need new software? A website refresh? Maybe it’s time to build that dream portfolio you’ve been talking about all year.

• Funding Options: Equipment financing or small business loans can help you invest now and pay later—especially if you want to start the year ahead of the curve.

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Your End-of-November Checklist

• Review your cash flow and adjust your budget for December.
• Check for any remaining grant or funding deadlines.
• Gather receipts and business expenses to prep for tax season.
• Gather up W9’s in time to issue 1099’s in January
• Reach out to your network for support, deals, or partnerships.
• Set aside time for 2025 planning—you’ll thank yourself later!

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Let’s wrap this up

November might be winding down, but there’s still time to make this holiday season a success and set yourself up for an amazing start to the new year. A little financial planning now means less stress, more creativity, and maybe even a bit of extra time to actually enjoy the holidays (imagine that!).

Remember, you’ve got this. Take it one step at a time, lean on your resources, and don’t be afraid to dream big. Here’s to wrapping up November strong and stepping into December ready to shine.If you need help with your finances, why not check out our bookkeeper resources here —they’re your best holiday helpers! 🎄